ATI Blog

Business Analytics a fast growing field in developing nations and in India you can see sudden growth of analytics in the last decade. The range of tools go from the simple excel to the more complex ones like statistic etc.  Here, we shall try to see a glimpse of various analytical tools used in the industry also specifically by some companies.

Let’s look at the top analytical tools in the business world

1.  Excel
2. SAS
3. SPSS
4. Statistica
5. Salford Systems
6. KXEN
7. Angoss
8. Matlab
9. R
10. Weka

Excel : Every business unit have access to MS Excel. This is an excellent analytical, reporting and dash-boarding tool. Excel can handle tables with up to 1 million rows

SAS : SAS is the elephant of analytical industry and it’s been there for long. This tool has been used by most of the important analytical companies of the world. It is most popular irrespective of its high price.

SPSS: This tool is most famous for its GUI based application. It is easy to use and understand. It is point and clicks and has advanced modelling capabilities

Statistica: It is developed by statsoft. Statsoft also has a website online which has most of the statistics concepts neatly explained there. Statistica supports wide variety of analytics technique on the lines of CRISP-DM (Please look up for this one online. This is the bible of any analyst). The GUI though is not so user friendly here

Salford Systems : Provides predictive analytics and data mining tools for the industry. It specialises in regression algorithms

KXEN : They are specializing on automated analytics. Their products are comparatively easy to use. The result however is rather difficult to understand which a drawback is for them

Angoss: They have advanced decision tree algorithms. The GUI is easy to use

Matlab:  It has more of mathematical applications. They have add on features which helps to make the organisation fine tune the tools to specific areas of functionality.

R : This is an amazing tool for statistical computing and graphics(Graphics after Matlab). This is an open source ware and is widely used by the academic community. This is updated by the user community and can find 800 and odd packages for various functionalities.  You can find packages for almost anything and everything. You have many GUIs available with R, Rattle is one of them for statistical analysis.

Weka: This is another free ware like R. The software is written in Java and contains a GUI for interacting with data files and have visual effects and graphics.

That was in a nutshell the tools used and the important companies in the analytical industry. This was only a gist. It’s a booming field for the coming years in India. Let’s leverage the maximum from this. ATI will be a part of this humbling journey to empower professionals.